Grand Terrace Housing Market Report – May 2026
Here's a look at how the Grand Terrace, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 13
- Median Sale Price: $580,000
- Average Sale Price: $514,280
- Average Price Per Sq Ft: $306
- Average Days on Market: 82
- Sale-to-List Price Ratio: 98.5%
Month-Over-Month Trends
Compared to April, the median sale price in Grand Terrace moved 4.3% down (from $606,000 to $580,000). The number of homes sold was 30.0% up compared to the prior month (10 vs. 13). Average days on market shifted 15.5% up (71 days to 82 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 0.9% up (from $575,000 to $580,000). Sales volume is 44.4% up year-over-year.
What This Means
Grand Terrace's housing market is showing mixed signals as we head into summer. While sales volume jumped 30 percent month-over-month, the median price dipped 4.3 percent to $580,000, suggesting buyers are being more selective and sellers may need to price competitively. The uptick in sales volume likely reflects improved data collection rather than a true market surge, so the real story is in the price and timing metrics. Properties are sitting on the market about two weeks longer than in April, now averaging 82 days, which hints at slightly softer demand or a market recalibrating after spring's activity.
What's encouraging is the year-over-year data: median prices are holding steady with just a 0.9 percent increase, and sales activity is up 44 percent annually. Homes are still selling near list price at 98.5 percent, indicating a reasonably balanced market without desperation pricing. The gap between median and average prices suggests some higher-end sales are pulling up averages, while the $480,000 median asking price on active listings shows new inventory is pricing slightly below what recent sales achieved.
Overall, Grand Terrace remains a steady market. Buyers have more choices with 32 active listings, but the longer DOM indicates patience may be rewarded with negotiations.
Grand Terrace Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 92313 | 13 | $580,000 | $306 | 82 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 7 | $599,990 | $351 |
| CONDOS | 2 | $384,500 | $331 |
| MOBILE | 2 | $157,325 | $117 |
| CONDO | 1 | $370,000 | $321 |
| MULTI_FAMILY | 1 | $1,065,000 | N/A |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $100K - $199K | 2 |
| $300K - $399K | 3 |
| $400K - $499K | 1 |
| $500K - $749K | 6 |
| $750K+ | 1 |
Current Active Listings
As of this report, there are 32 active listings in Grand Terrace with a median asking price of $480,000 and an average of 92 days on market.
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